News alert: Capital One eliminates Lousteau, Ridley positions

Capital One Bank’s Baton Rouge Market President Steve Lousteau and Scott Ridley, group executive for business banking in Louisiana, were both notified today that their positions will be eliminated as of May 1, spokesman Steven Thorpe confirms to Daily Report. The position cuts are part of a larger restructuring effort by the bank that will lead to the elimination of about 30 positions across the country, Thorpe says. In total, six Capital One employees are losing their jobs in Louisiana, he says. Aside from Lousteau and Ridley, one other “support associate” position is being eliminated locally, Thorpe says. “We’re making some changes in our retail and small business organization, and unfortunately that decision involves some role eliminations,” Thorpe says. “This is a difficult decision and one our banking leaders do not take lightly, but Baton Rouge remains an incredibly attractive market for us.” —Steve Sanoski